European Banks are causing a cascade effect across all asset classes
driven by falling Bond Futures.
Nasd 100 Globex session has a double top after electing the yearly buy stops.
Sustained price action and a close below 4726 will elect further profit taking.
Indices and names should remain in profit taking mode through London’s close.
It’s a Bull Market. You need to see late day weakness in the U.S.
The Utilities, AWK,WTR and names of their ilk are all in profit taking mode.
In currency land the Sterling looks to have bottomed for a while.
132.25 is support and the closing downside pivot.
A close over 133.11 is price positive with 4 figures of potential upside.
The GBP crosses have not confirmed this move.